Metro (MRU) – Investment Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Metro (TSE: MRU):

  • 1/31/2019 – Metro was given a new C$53.00 price target on by analysts at BMO Capital Markets. They now have an “outperform” rating on the stock.
  • 1/30/2019 – Metro had its price target raised by analysts at National Bank Financial from C$49.00 to C$50.00. They now have a “sector perform” rating on the stock.
  • 1/30/2019 – Metro was given a new C$51.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
  • 1/30/2019 – Metro was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating. They now have a C$51.00 price target on the stock, up previously from C$50.00.
  • 1/30/2019 – Metro had its price target raised by analysts at CIBC from C$45.00 to C$48.00.
  • 1/24/2019 – Metro had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a C$51.00 price target on the stock.
  • 1/24/2019 – Metro had its price target raised by analysts at Barclays PLC from C$48.00 to C$50.00.
  • 1/16/2019 – Metro had its price target raised by analysts at National Bank Financial from C$46.00 to C$49.00. They now have a “sector perform” rating on the stock.
  • 1/15/2019 – Metro had its price target raised by analysts at TD Securities from C$47.00 to C$51.00. They now have a “hold” rating on the stock.
  • 1/8/2019 – Metro had its price target raised by analysts at BMO Capital Markets from C$48.00 to C$53.00.

TSE MRU traded down C$0.25 on Monday, reaching C$48.89. 708,897 shares of the stock were exchanged, compared to its average volume of 521,893. Metro, Inc. has a one year low of C$38.42 and a one year high of C$50.40. The stock has a market cap of $12.56 billion and a price-to-earnings ratio of 19.38. The company has a current ratio of 1.41, a quick ratio of 0.50 and a debt-to-equity ratio of 46.32.

Metro (TSE:MRU) last released its earnings results on Wednesday, November 21st. The company reported C$0.63 EPS for the quarter, hitting analysts’ consensus estimates of C$0.63. The firm had revenue of C$3.74 billion for the quarter, compared to the consensus estimate of C$4.01 billion. Sell-side analysts forecast that Metro, Inc. will post 3.18000032382895 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Thursday, February 14th will be paid a dividend of $0.20 per share. This is a boost from Metro’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.64%. Metro’s dividend payout ratio (DPR) is presently 28.54%.

In other Metro news, insider Martin Allaire sold 6,840 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of C$45.33, for a total transaction of C$310,057.20.

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates food stores, including supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, general merchandise, non-perishable goods, dairy products, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.

Further Reading: Do investors pay a separate front-end load every time they buy additional shares?

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